Policymakers Weigh New Agency to Collect Financial Data

WASHINGTON — Creating the infrastructure for regulators to collect and analyze data necessary to monitor systemic risk is going to be costly and complicated, Federal Reserve Board Gov. Daniel Tarullo told Senate subcommittee members on Friday.

Tarullo laid out ways to fill gaps in data collection, improve how it is collected and offered the pros and cons of establishing an independent separate agency to synthesize it all versus requiring more cooperation and coordination among the regulators.